Canton MA Events and Real Estate


Milton MA Home Sales for August 2014

As summer turns to fall here in Massachusetts, it appears that the weather is not the only thing cooling off.  Milton MA home sales for August 2014 were down and so was the average sales price.  Here is a rundown of what was happening in the Milton MA real estate market last month.

Total Milton MA Homes Sold in August - 2010 to 2014

According to statistics provided by the MLS Property Information Network, a total of 26 Milton MA homes were sold in August 2014.  This is a huge decrease from the 42 we saw at the same time last year.  However, August 2013's sales figures appear to have been an anomaly.  The 26 homes sold in 2014 is more typical of what we find as far as home sales in the month of August are concerned (as you can see from the graph above).  The lowest priced property sold was a 2 bed/1 bath East Milton bungalow that sold for $360,000 after just 15 days on the market.  That was $10,100 over the list price!  At the higher end, a 4 bed/3.5 bath Indian Cliff Colonial sold for $994,888.

Average Sales Price of a Milton Home Sold in August - 2010 to 2014

The average sales price for a Milton MA home was $585,957, a 7.9% decrease from the same time last year.  The average days a home spent on the market increased from 41 in August 2014 to 45 last month.  However, nine of the 26 Milton MA homes sold in August 2014 spent 30 days or less on the market before going under contract.  One of these homes sold for $421,000 in just one day...and that was $5100 over the list price!  Half of the total homes sold went for at or above list price.

What does this mean for the savvy Milton MA home buyer?  The best interest rates are hovering around the 4 1/4% mark for a 30 year fixed-rate loan, according to  Prices have come down a little but that does not mean they will stay that way forever.  Even though less homes were sold, there seems to be a bit of competition among qualified buyers.  The average list-price-to-sale-price ratio was 99% last month, up slightly from the 98% we saw last year.  Be prepared to pay close to asking and possibly slightly above on that home you love but only if that is what the market deems the home is worth.  Contact your Milton MA Buyer Broker to find get started on your search for your next home.

*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.

Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County

100% Loyal to Buyers 100% of the Time



 Google Plus   Facebook    Twitter     LinkedIn         house


2012 Angies List super service awardbuyers brokers only on angle's listangie's list 2014 super service award


 Read Our Reviews on Angie's List                           Read Our Reviews On Yelp



 business cardNAEBA 

Fair Housing Law




We do business in accordance with the Federal and Massachusetts Fair Housing Laws. 






The content provided on this blog is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. 


Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field. 


(c) Copyright 2010-2015 Christine M. Smith, Attorney and Buyer Agent. All rights reserved.

Comment balloon 0 commentsChristine Smith • September 10 2014 01:32PM


This blog does not allow anonymous comments